Its that time of the year again – when we reflect on the year that was and look forward to new beginnings. We also resolve to be better people: help others, exercise more, eat better, stress less, save more are all popular. But what about your business? Tonight, while watching the ball drop, and contemplating the year ahead resolve to improve your business.
Focus on the big picture
Many small business owners focus all their attention on the day to day operations of the business and neglect the bigger picture. It is important to set aside time every so often and plan for the future. Have a plan, create a growth strategy, implement a social marketing campaign. Focusing some of your attention on the future will help you better prepare your business. Because that distant day in the future will be here before you know it.
File all your legal documents
If you are like many small business owners you have great intentions of filing legal documents. If you have been thinking of trademarking your name or logo make 2014 the year to do it. Did you form an LLC in New York but never completed the publication requirement? Do so now. Are you a sole proprietor? Now is the time for formalize your business entity.
Review your business insurance policies
If your policy is more than a two years old now is a good time to review it. Ensure the policy adequately covers your current needs. Has the business expanded to another location? Did you introduce a new product? Did you hire employees? Keeping your policy up to date with your business will ensure that you are protected should you need to use the policy.
Warmest thoughts and best wishes for a happy, healthy and prosperous New Year!
This post is for informational purposes only. It is not intended to be, nor should it be construed as, legal advice. Always consult an attorney, licensed in your state, before taking legal action.